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We are moving into Phase II of the Great Unwinding

Discussions about the economic and financial ramifications of PEAK OIL
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Re: We are moving into Phase II of the Great Unwinding

Unread postby EnergyUnlimited » Fri 10 Jul 2009, 04:29:23

$this->bbcode_second_pass_quote('odegaard', '')$this->bbcode_second_pass_quote('NickyBoy', '.')..
Go back 500 years, look at what was considered ethical at the time, then answer your own question.

Its the height of hubris to think that early 21st century ethics are the end-point of ethical development.

I believe that much of our "social advancements" for the past couple hundred years came about because economic prosperity made it convenient; It did NOT arise because we all sat around and had a philosophical discussion and concluded that equality is right.
This is what Liberals do NOT understand. --> It is very easy to advocate a cause when it's NOT costing you anything.

You are making good points here.
Input of philosophy - 10%
Input of convenience and profit driven reasoning - 90%
$this->bbcode_second_pass_quote('', 'I')n an economically collapsed world where there's only 1 paying job for every 2 people who want it (a man and a woman) who will get it?
Exactly, it's a rhetorical question. We all know what the answer is.

There are few arguments presented in this thread by AgentR who suggests that many women might have some useful paid or unpaid jobs in the future.

$this->bbcode_second_pass_quote('', 'Y')eah I know I guess I must of slaughtered somebody's sacred cow here.
Enjoy feminism while it lasts. PO will kill it off.

Feminism as a form of sex based attempted dominance strategy does not have much future.
However one can imagine situation where paid job in various families is earned sometimes by man and sometimes by woman, depending on particular circumstances.
You see, woman is often happy to work for next to nothing.
Facing similar situation her husband would very often simply give up and keep himself busy with unpaid family home & garden maintenance, turn to crime and/or alcoholism/drugs or (in rare cases) simply commit suicide.
Last edited by EnergyUnlimited on Fri 10 Jul 2009, 04:37:19, edited 1 time in total.
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Re: We are moving into Phase II of the Great Unwinding

Unread postby Fredrik » Fri 10 Jul 2009, 04:33:27

$this->bbcode_second_pass_quote('NickyBoy', '')$this->bbcode_second_pass_quote('Fredrik', '')$this->bbcode_second_pass_quote('Stonemason', 'T')he problem with establishments or established ways of thinking is that we live in an emergent universe. The only constant is that there is no constant. When going against the nature of nature, its easy to have convulsions of stupidity.


Does that apply to ethics as well? Are universal human rights and equality not constant either?


Go back 500 years, look at what was considered ethical at the time, then answer your own question.

Its the height of hubris to think that early 21st century ethics are the end-point of ethical development.


If there is no constant, fixed ethical ideal, then "development" can move into any direction... who knows if late 21st century ethics will for example give up individual rights in the name of the society's survival.
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Re: We are moving into Phase II of the Great Unwinding

Unread postby EnergyUnlimited » Fri 10 Jul 2009, 04:44:52

$this->bbcode_second_pass_quote('Fredrik', 'I')f there is no constant, fixed ethical ideal, then "development" can move into any direction... who knows if late 21st century ethics will for example give up individual rights in the name of the society's survival.

Up do date developments are suggesting that Nature will dictate what man must give up to survive.
American dream is high on the list.
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Re: We are moving into Phase II of the Great Unwinding

Unread postby AgentR » Fri 10 Jul 2009, 10:54:55

$this->bbcode_second_pass_quote('EnergyUnlimited', 'P')oor Chinese, they are working so hard just to get some paper as reward.


China is spending more dollars than they are taking in right now.

I think they are trying to avoid dumping all at once in order to avoid destroying the value of their reserves, but it seems pretty clear to me that they intend to NOT be holding US Dollars
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Re: We are moving into Phase II of the Great Unwinding

Unread postby EnergyUnlimited » Fri 10 Jul 2009, 13:00:34

$this->bbcode_second_pass_quote('AgentR', '')$this->bbcode_second_pass_quote('EnergyUnlimited', 'P')oor Chinese, they are working so hard just to get some paper as reward.


China is spending more dollars than they are taking in right now.

I think they are trying to avoid dumping all at once in order to avoid destroying the value of their reserves, but it seems pretty clear to me that they intend to NOT be holding US Dollars

They are holding far too much to make a meaningful use of most of dollars on their accounts.
They try to wiggle out though.
May be they will manage to save 20-30% of purchasing value of their reserves at best?
The problem is that to hold value of US dollar Chinese would have to accept even more US debt (what would be stupid).
They will have to diversify and accept losing most of purchasing value of their reserves.
But it is still better to lose most purchasing value than all purchasing value...
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Re: We are moving into Phase II of the Great Unwinding

Unread postby Katzepfote » Fri 10 Jul 2009, 17:35:13

I think that both Odegaard and Energy Unlimited made some interesting points regarding the future of feminism in a post-peak world and that women in the workplace as the rule rather than the exception might well have been a luxury allowed only by abundant resources. Though I'm a woman myself, I don't see these comments as sexist.

It's interesting that the Women's Lib/Feminist movement that arose in the 1960s also coincided with what was perhaps the height of America's post-WWII prosperity. I think that many of the feminists at that time oversold the glamour-component of jobs outside the home. A lot of them probably thought that all these "fulfilling" careers would be working in beautiful high-rises in the Big Apple in high-powered or fun fields like publishing or entertainment. Actually, for the majority of women, they're probably not working because it "completes" them as a person or to make a point about equality, but for the mundane necessities such as paying the rent/mortgage, utilities and putting food on the table. Of course, you could say that about the majority of men too. The following is my personal litmus test for whether a job is just a job or a career: if you won the multimillion lottery jackpot tomorrow, would you keep the job or tell your boss to take the job and shove it? I suspect that for about 95% of people, their answer would be the latter.

I also think that in many couples, the woman is the one with the temperament to be the breadwinner while the man stays home to be "Mr. Mom". And the reverse holds true, of course.
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Re: We are moving into Phase II of the Great Unwinding

Unread postby AgentR » Fri 10 Jul 2009, 18:38:02

$this->bbcode_second_pass_quote('EnergyUnlimited', 'B')ut it is still better to lose most purchasing value than all purchasing value...


Which is exactly what I think they are up to right now. They've come to the conclusion that if they just hold, they are holding something little more than that of a rotten pine tree; and so are doing their best to buy as many alternative stores of value as they can, while they still can.
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Re: We are moving into Phase II of the Great Unwinding

Unread postby odegaard » Fri 10 Jul 2009, 18:58:24

$this->bbcode_second_pass_quote('Katzepfote', 'I') think that both Odegaard and Energy Unlimited made some interesting points regarding the future of feminism in a post-peak world and that women in the workplace as the rule rather than the exception might well have been a luxury allowed only by abundant resources. Though I'm a woman myself, I don't see these comments as sexist.
...
I think EnergyUnlimited made a really good point about "value added jobs" but it got kind of buried under an avalanche of mud throwing because some people felt that their ideology got trampled on.

Allow me to throw in my own 2 cents.
When I was growing up I didn't have any money.
If I wanted to drink iced tea I had to make it at home. Hey at least it's cheap, it costs only 25cents to make.
I couldn't afford to pay $1 for the refrigerated beverages at the grocery store.
Imagine my reaction when I was first introduced to Starbucks and learned about $3 beverages! 8O
That's a good example of a value added product.

There are so many products and the jobs that go with it which exist ONLY because the American consumer has so much money they can afford to pay for the convenience.
Another example, what is a restaurant?
It's this place where you pay triple the price for your food to have the convenience of someone else cook your food and clean up afterwards.

IMHO one of the biggest differences of a PO world will be the food that we eat and how it is prepared.
There will be much less "value added" food.
Less frozen food, less prepackaged food and a greater emphasis on cooking from scratch using raw ingredients.
Basically what your grandmother used to cook.
Yes it will be much more time intensive, but if a person is un-employed and they can't find a job then unfortunately their time isn't worth much.
sad but true. ouch >_<
Right now I expect gender roles to be split 50 / 50....but give it a couple generations things will revert back to the old days.
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Re: We are moving into Phase II of the Great Unwinding

Unread postby AgentR » Fri 10 Jul 2009, 20:42:38

$this->bbcode_second_pass_quote('odegaard', 'Y')es it will be much more time intensive, but if a person is un-employed and they can't find a job then unfortunately their time isn't worth much.
sad but true. ouch >_<


But see, this is the stereotype that needs breaking. That their time isn't worth much. If one wants to break the cycle of dependency on a capitalist market system; then the first thing you need to fix is the notion of valuation.

Those things which put calories on the table; or keep the authorities from confiscating your property are the MOST valuable of your activities. This could be the salaried employee working 40 hours on the books and another 30 off; still able to drive (a scooter) home and is still able to pickup food on the way, and the homebody fixing radios, computers, and TVs from scrap parts, piggy banking enough cash to pay the taxes. It could be a nurse working 2 day / wk scraping up tax money, and the husband farmer working as fields and shelter require in order to put calories on the table.

The value is not whether they are getting paid, or not; its whether their actions contribute to the family keeping their land, and feeding their dependents.
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Re: We are moving into Phase II of the Great Unwinding

Unread postby outcast » Fri 10 Jul 2009, 22:09:39

$this->bbcode_second_pass_quote('', 'T')hat is only official Chinese PR exercise.
http://www.tibetjustice.org/reports/women/iv.html


Not everything groups like that say is true. They have an agenda and are willing to say whatever they need to in order to advance it.

$this->bbcode_second_pass_quote('', 'M')ethods which he referrs to are working in hot climate of South America, not in subpolar zones.
I believe, he has terra preta or similar approaches in mind.


Links please?
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Re: We are moving into Phase II of the Great Unwinding

Unread postby EnergyUnlimited » Sat 11 Jul 2009, 03:44:39

$this->bbcode_second_pass_quote('outcast', '')$this->bbcode_second_pass_quote('', 'T')hat is only official Chinese PR exercise.
http://www.tibetjustice.org/reports/women/iv.html


Not everything groups like that say is true. They have an agenda and are willing to say whatever they need to in order to advance it.

Maybe not everything and maybe relatively uncommon incidents are projected as general policy of Chinese authorities.
However this type of information is on frequent basis coming from different sources not related to each other so there must be much truth in it.
Frequent information blackouts directed by Chinese authorities, prevalent censorship (including internet censorship) are even more reinforcing opinions that there is much there to hide.
Once you add in reluctantly released official information about widespread riots in one of provinces where many protesters but also family planning officials were murdered, you can easily build overall picture of events taking place.
After all Chinese who are usually authority subservient peoples don't murder their officials for no good reason or just for fun.
Do they?

Authoritarian governments (and more recently some "democratic" governments too) are known to lie on frequent basis and Chinese government is not an exception.
So this cat is already out of the bag.
No amount of PR will change it.

$this->bbcode_second_pass_quote('', '')$this->bbcode_second_pass_quote('', 'M')ethods which he referrs to are working in hot climate of South America, not in subpolar zones.
I believe, he has terra preta or similar approaches in mind.


Links please?

Basic wiki article is good to start with:
http://en.wikipedia.org/wiki/Terra_preta
You will note that heat and moisture loving fungi (Aspergillus sp.) are implemented as likely contributing factors.

There is also plenty of Lorenzo's ramblings about it on this forum.

Below you have a reference to disastrous Russian project aimed at making fertile virgin lands useful.
http://en.wikipedia.org/wiki/Virgin_Lands_Campaign
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Re: We are moving into Phase II of the Great Unwinding

Unread postby outcast » Sat 11 Jul 2009, 09:49:23

$this->bbcode_second_pass_quote('', 'H')owever this type of information is on frequent basis coming from different sources not related to each other so there must be much truth in it.


Or it could be they use the same style which produces the same results. Frankly I don't trust any organization with an agenda, including governments and seperatist organizations.


$this->bbcode_second_pass_quote('', '
')Basic wiki article is good to start with:
http://en.wikipedia.org/wiki/Terra_preta
You will note that heat and moisture loving fungi (Aspergillus sp.) are implemented as likely contributing factors.


I'll also note that research is being done to artificially replicate it in the lab.

And this is from the wiki about the virgin lands campaign:

$this->bbcode_second_pass_quote('', 'N')early all of the collective farms in the Virgin Lands grew one crop alone: wheat. By the 1960s, the soil had been drained of all its nutrients beneficial to wheat. However, production of fertilizers in the USSR had increased during this period and so the loss of fertility was principally due to poor planning as the fertilizers were rarely available where they were needed. Before long, due to lack of any measures to prevent erosion, much of that soil was simply being blown away by the wind to leave bare, useless steppe behind.


Sounds more like a total failure to plan, and especially to take into account erosion.

$this->bbcode_second_pass_quote('', 'A')lso, much of the crop that could be harvested was wasted, as there were not enough storage silos, so it had to be thrown away. Furthermore, the Soviet infrastructure was unable to cope and so much of the grain produced did not reach the towns, which was where it was most needed.


Ha, even then they couldn't use what they had. Again, failure to plan.
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Re: We are moving into Phase II of the Great Unwinding

Unread postby EnergyUnlimited » Sun 12 Jul 2009, 03:50:35

$this->bbcode_second_pass_quote('outcast', '')$this->bbcode_second_pass_quote('', 'H')owever this type of information is on frequent basis coming from different sources not related to each other so there must be much truth in it.
Or it could be they use the same style which produces the same results. Frankly I don't trust any organization with an agenda, including governments and seperatist organizations.

For as long as various NGO-s are denied opportunity to investigate lawfully and openly all sorts of allegations we have to rely on direct stories from Tibetan (and other minorities) organizations.

BTW.
These are not separatists.
All what they are trying to do is to remove infesting Chinese hordes from their land.

$this->bbcode_second_pass_quote('', 'I')'ll also note that research is being done to artificially replicate it [terra preta -EU] in the lab.

So they will learn how to do it in hot climate of Amazon basin.
Likely to be completely useless in Siberian environment.
$this->bbcode_second_pass_quote('', 'S')ounds more like a total failure to plan, and especially to take into account erosion.

Ha, even then they couldn't use what they had. Again, failure to plan.

Project have failed mainly due to soil erosion and nutrient depletion.

It is very likely that all similar projects on Siberia are going to fail for comparable reasons.
There are good reasons why these areas were not farmed in the past.
Even simple slash and burn approaches didn't work.

That is mainly due to short growing seasons generally unsuitable for useful crops, acidic soils and extremely cold winters capable to destroy many parennial plants and also frozen for 8-10 months a year top soil, so some cultivation efforts like tilling are very tedious, if not impossible to perform.
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Re: We are moving into Phase II of the Great Unwinding

Unread postby outcast » Sun 12 Jul 2009, 10:47:38

$this->bbcode_second_pass_quote('', 'A')ll what they are trying to do is to remove infesting Chinese hordes from their land.


"Hordes" that have been there for many centuries. It isn't like they have the monopoly on doing stuff like that in any event, since the vast majority of the US was settled on lands stolen from the native peoples through genocide and conquest. The reason "independence" wont happen are the same reasons the US wont give the land it took, territorial integrity, resources, etc. Not to say that is it correct, but we should always take a good look at ourselves before passing judgement on others for such things.
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Re: We are moving into Phase II of the Great Unwinding

Unread postby turner » Sun 12 Jul 2009, 13:35:20

$this->bbcode_second_pass_quote('Katzepfote', 'I') think that both Odegaard and Energy Unlimited made some interesting points regarding the future of feminism in a post-peak world and that women in the workplace as the rule rather than the exception might well have been a luxury allowed only by abundant resources. Though I'm a woman myself, I don't see these comments as sexist.

It's interesting that the Women's Lib/Feminist movement that arose in the 1960s also coincided with what was perhaps the height of America's post-WWII prosperity. I think that many of the feminists at that time oversold the glamour-component of jobs outside the home. A lot of them probably thought that all these "fulfilling" careers would be working in beautiful high-rises in the Big Apple in high-powered or fun fields like publishing or entertainment. Actually, for the majority of women, they're probably not working because it "completes" them as a person or to make a point about equality, but for the mundane necessities such as paying the rent/mortgage, utilities and putting food on the table. Of course, you could say that about the majority of men too. The following is my personal litmus test for whether a job is just a job or a career: if you won the multimillion lottery jackpot tomorrow, would you keep the job or tell your boss to take the job and shove it? I suspect that for about 95% of people, their answer would be the latter.

I also think that in many couples, the woman is the one with the temperament to be the breadwinner while the man stays home to be "Mr. Mom". And the reverse holds true, of course.


That time also coincided with the advent of many home labour saving devices and arrangements that allowed women more time to pursue activities outside the home. Whilst I do agree that there will be physical jobs women just can't do, I think it might be the lack of availability of those devices, supermarkets etc that force women back into the home environment, rather than the inability to do many of the jobs men have traditionally done. Women have proven their ability to do jobs that were always considered beyond their physical capability, and there has been a fundamental shift in Western thought about what is acceptable for a woman to do. I don't see women giving up those gains willingly.
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Re: We are moving into Phase II of the Great Unwinding

Unread postby vtsnowedin » Sun 12 Jul 2009, 14:36:10

$this->bbcode_second_pass_quote('turner', '')$this->bbcode_second_pass_quote('Katzepfote', 'I') think that both Odegaard and Energy Unlimited made some interesting points regarding the future of feminism in a post-peak world and that women in the workplace as the rule rather than the exception might well have been a luxury allowed only by abundant resources. Though I'm a woman myself, I don't see these comments as sexist.

It's interesting that the Women's Lib/Feminist movement that arose in the 1960s also coincided with what was perhaps the height of America's post-WWII prosperity. I think that many of the feminists at that time oversold the glamour-component of jobs outside the home. A lot of them probably thought that all these "fulfilling" careers would be working in beautiful high-rises in the Big Apple in high-powered or fun fields like publishing or entertainment. Actually, for the majority of women, they're probably not working because it "completes" them as a person or to make a point about equality, but for the mundane necessities such as paying the rent/mortgage, utilities and putting food on the table. Of course, you could say that about the majority of men too. The following is my personal litmus test for whether a job is just a job or a career: if you won the multimillion lottery jackpot tomorrow, would you keep the job or tell your boss to take the job and shove it? I suspect that for about 95% of people, their answer would be the latter.

I also think that in many couples, the woman is the one with the temperament to be the breadwinner while the man stays home to be "Mr. Mom". And the reverse holds true, of course.


That time also coincided with the advent of many home labour saving devices and arrangements that allowed women more time to pursue activities outside the home. Whilst I do agree that there will be physical jobs women just can't do, I think it might be the lack of availability of those devices, supermarkets etc that force women back into the home environment, rather than the inability to do many of the jobs men have traditionally done. Women have proven their ability to do jobs that were always considered beyond their physical capability, and there has been a fundamental shift in Western thought about what is acceptable for a woman to do. I don't see women giving up those gains willingly.


As the father of three college age women let me enter a point here. Women have been property throughout history, something to be fought over won, stolen, bought and sold, etc. They had this position because nature gave them a smaller body size and less upper body strength then the males of the species. Imagine if you will a mid evil woman donning armor and taking up a Viking broad sword and fighting a attacking man. . Most choose other routes to their survival. Today a woman can sit in the seat of a modern excavator with hydraulic controls at her finger tips and load just as many trucks in a shift as any male operator. Let the oil run out though and make her get down in the ditch with the men using hand shovels and she is no longer equal. Women have come a long way towards equality but let the oil run out and they will have to go back to using their wits to control their men. Fortunately for them that will not be hard. :)
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Re: We are moving into Phase II of the Great Unwinding

Unread postby Tanada » Sun 12 Jul 2009, 14:52:42

$this->bbcode_second_pass_quote('turner', 'T')hat time also coincided with the advent of many home labour saving devices and arrangements that allowed women more time to pursue activities outside the home. Whilst I do agree that there will be physical jobs women just can't do, I think it might be the lack of availability of those devices, supermarkets etc that force women back into the home environment, rather than the inability to do many of the jobs men have traditionally done. Women have proven their ability to do jobs that were always considered beyond their physical capability, and there has been a fundamental shift in Western thought about what is acceptable for a woman to do. I don't see women giving up those gains willingly.


I can not fathom why none of you have mentioned the biggest female labor saving device that came along in mid last century. Easy and reliable birth control did far more to free women and promote feminism than all the convenient household labor saving devices combined. Raising 5 or more kids is plenty enough to keep a woman tied to her home, even one or two can keep you sleepless and busy for several years if you have them close together.

If our civilization falls then women are more likely to get pregnant more frequently, which makes them dependent on others for a couple of months each pregnancy. Sure some women are 'supermom' who can work all day while nine months pregnant, but those are not the rule, they are the exception, especially if you take away the household labor saving devices.
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Re: We are moving into Phase II of the Great Unwinding

Unread postby Ferretlover » Sun 12 Jul 2009, 15:59:33

$this->bbcode_second_pass_quote('DantesPeak', 'A')ctually job and economic losses have exceeded the trends of the Great Depression. It took about three years for things to hit bottom then. Even so, thanks to generous unemployment benefits and foreclosure rules, the first year has no serious effect on most people. Give it another year or so.

I agree. Even though, as a group, we can figure out the components of the probable future, we do not yet have any reliable information on the demand destruction portion and how soon and how much it will affect the end results.
Citizens, in general, will react to a set of problems differently than a local, state or federal government. Then, you add in different cultures/countries and matters are further complicated. Then, you add in the loss of resources and species and how they interact...
We also have posters who are on different parts of the time line, which can confuse the problem solving aspect of our interests here.
I don't think "Phase II" is the proper terminology. It's more like wave after wave after wave-a part of each other, yet each with subtle differences.
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Re: We are moving into Phase II of the Great Unwinding

Unread postby DantesPeak » Sun 12 Jul 2009, 23:19:55

$this->bbcode_second_pass_quote('Ferretlover', '')$this->bbcode_second_pass_quote('DantesPeak', 'A')ctually job and economic losses have exceeded the trends of the Great Depression. It took about three years for things to hit bottom then. Even so, thanks to generous unemployment benefits and foreclosure rules, the first year has no serious effect on most people. Give it another year or so.

I agree. Even though, as a group, we can figure out the components of the probable future, we do not yet have any reliable information on the demand destruction portion and how soon and how much it will affect the end results.
Citizens, in general, will react to a set of problems differently than a local, state or federal government. Then, you add in different cultures/countries and matters are further complicated. Then, you add in the loss of resources and species and how they interact...
We also have posters who are on different parts of the time line, which can confuse the problem solving aspect of our interests here.
I don't think "Phase II" is the proper terminology. It's more like wave after wave after wave-a part of each other, yet each with subtle differences.


As I said further back, we are still going downhill from Phase I since 2007.

Here’s what I said back then:


$this->bbcode_second_pass_quote('', 'A')ctually denial, for the time being, runs deeper in the financial markets than in regards to PO – although I expect within two months at most there will be a great reckoning of the realized and unrealized housing bubble related losses. At year end, financial companies must come to terms with SEC regulations, Sarbanes-Oxley rules, and international capital standards.

There seems to be some kind of Peter Pan nonsense theory, put forth mainly by the Treasury and Fed, that if we just all hold hands and wish away our problems by thinking positive, they will all disappear. By delaying a cold, hard look at the losses within our financial system, still more money is being misallocated to insolvent debtors and soon to be bankrupt financial companies. There are so many mortgage backed derivatives that are now near worthless, the entire system risks getting locked up – or melting down - as all credibility in the financial system disappears.

Dealing with the upcoming financial crisis will temporarily obfuscate the problems associated with PO even more.


Post subject: Re: Housing Boom Officially Over - Collapse Imminent
Posted: Tue Dec 04, 2007 12:06 am
http://peakoil.com/post561235.html?hilit=crisis#p561235

Well at least I got the main part of the meltdown right, but it took closer to three months than two. Anyway, I see a continued financial crisis, but not so much a stock market meltdown as a credit meltdown. More specifically mortgage credit will cause further problems, and that along with state deficit problems will cause a downgrade in credit for the US – although credit agencies will probably only officially downgrade long after the market does.

There is a less than even chance that between 2010 and 2012 there will be an entire year of economic growth.

After that (2011/2012) things may go from bad to worse, and the killer Phase II starts as oil supplies go into terminal decline. The brief positive phase should be marked by strong inflation, but any number of ‘black swans’ could trigger an early end to that recovery. At this point however, I think speculation more than three years ahead financially speaking is very difficult.
It's already over, now it's just a matter of adjusting.
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Re: We are moving into Phase II of the Great Unwinding

Unread postby Tyler_JC » Mon 13 Jul 2009, 00:35:32

One of the biggest mysteries is the effect that the economy situation has had on oil exploration and development.

How many projects were shelved when oil crashed to $30 a barrel? How many pipeline expansions were called off? How many marginal wells were capped?

Peak Oil (that thing we used to talk about on this forum) has either already happened or it has been pushed back by several years.

The economic crisis will lead to another energy crisis if oil companies don't continue to invest in new capacity. Naturally, the next energy crisis will lead to another economic crisis and the merry-go-round of cause and effect will have nasty consequences for you and I.

We need to see a rebound in oil infrastructure investment, especially in the unconventional sector, if we want to raise oil production much above current levels.

If you're looking for a leading indicator, watch the Canadian tar sands. That's the last big field of friendly oil.
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